E-commerce giant Amazon Inc. (NASDAQ: AMZN) reported Q2 2020 earnings results today.
Net sales increased 40% to $88.9 billion.
Net income rose to $5.2 billion, or $10.30 per share, from $2.6 billion, or $5.22 per share, in the same period last year.
Also read: Amazon is headed for a busy second half
For the third quarter of 2020, net sales are expected to be between $87 billion and $93 billion, reflecting a growth of 24-33% from the prior-year period.
At the tech-antitrust congressional hearing that took place on Wednesday, Amazon CEO Jeff Bezos responded vaguely to a question on the use of seller data in making business decisions. Bezos attended the hearing along with the leaders of the other FAANG stocks.
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